Relative to a profit-maximizing competitively organized industry that is producing 3,000 units of output at a price of $5 per unit, a monopoly under the same circumstances would produce ________ units of output and charge a price of ________ per unit.
A. less than 3,000; more than $5
B. less than 3,000; less than $5
C. 3,000; $5
D. more than 3,000; more than $5
Answer: A
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